PPP Loan Data — The Methodist University, Inc, Fayetteville, NC
The Methodist University, Inc is a non-profit organization located at 5400 Ramsey Street in Fayetteville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,192,100.00 in June, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:NORTH STATE BANK
The Methodist University, Inc received a Paycheck Protection Loan of $5.19M through NORTH STATE BANK, which was approved in June, 2020.
Based on standard PPP eligibility rules, The Methodist University, Inc's total 2019 payroll expenses were approximately $24.92M in order to qualify for the PPP loan amount received.
Unlike most businesses, The Methodist University, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - The Methodist University, Inc in Fayetteville, NC
5400 Ramsey Street
Fayetteville, NC 28311
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-08
Industry PPP Comparison Statistics
Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 86 employees, and received an average PPP loan of $829,978, 84% lower than this company's loan of $5.19M.
FederalPay's PPP Information Policy
Footnotes & Information
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